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Navigating the process of buying a new home in Marina, CA while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Marina, CA or getting it ready for the market.
Identify the new home you want to buy in Marina, CA, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Marina, CA often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Marina, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Marina, CA. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Marina, CA do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Marina, CA may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Marina, CA provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Marina, CA to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans in Marina, California offer a convenient financial solution for homeowners who are looking to purchase a new home before selling their existing one. These short-term loans provide quick access to funds, allowing individuals to bridge the gap between the purchase of a new home and the sale of their current property. Marina, California, a charming coastal city in Monterey County, boasts a diverse population with a mix of families, professionals, and retirees. With a growing economy and a range of housing options, Marina attracts residents looking for a peaceful seaside community with easy access to urban amenities. The housing market in Marina, California, offers a variety of opportunities for both buyers and sellers. With steady appreciation rates and a competitive market, property values have remained relatively stable, making it an attractive location for real estate investments and homeownership. Some of Marina's main attractions include its beautiful beaches, such as Marina State Beach and Fort Ord Dunes State Park, which offer stunning views and recreational activities. Additionally, the city is home to popular local restaurants, shopping centers, and cultural attractions that cater to residents and visitors alike.
Benefits of Bridge Loans in Marina, California
